Top 10 Tech Stocks For 2018

The Netflix of China had a tough first day on Wall Street.

Shares in video streaming platform iQiyi (IQ) tanked on their Nasdaq debut Thursday, closing down more than 13%.

The company raised nearly $2.3 billion in its initial public offering this week, pricing shares at $18 each. But by the end of its first day of trading, shares had slumped to $15.55.

The timing was unfortunate: iQiyi made its debut in a week when investors had been dumping a lot of tech companies. But that doesn’t fully explain the Chinese firm’s opening-day plunge. Many tech stocks that had been hammered earlier in the week rallied on Thursday.

Investors have concerns about how long it will take iQiyi to turn a profit, said Canaan Guo, an analyst at Chinese research firm Pacific Epoch.

The company is locked in an expensive battle for users, fending off deep-pocketed rivals backed by Tencent (TCEHY) and Alibaba (BABA).

They are all competing to win paying subscribers, spending big money on premium content like original shows.

Top 10 Tech Stocks For 2018: Sapiens International Corporation N.V.(SPNS)

Advisors’ Opinion:

  • [By Logan Wallace]

    Sapiens International Co. (NASDAQ:SPNS) – William Blair boosted their Q2 2018 earnings per share estimates for Sapiens International in a report issued on Tuesday, May 8th. William Blair analyst B. Suri now forecasts that the technology company will post earnings of $0.11 per share for the quarter, up from their prior forecast of $0.10. William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for Sapiens International’s FY2018 earnings at $0.47 EPS and FY2019 earnings at $0.54 EPS.

  • [By Shane Hupp]

    Sapiens International (NASDAQ:SPNS) issued its quarterly earnings results on Monday. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.03, Briefing.com reports. Sapiens International had a net margin of 0.13% and a return on equity of 6.81%. The business had revenue of $71.09 million for the quarter, compared to analyst estimates of $67.68 million. During the same quarter in the prior year, the business posted $0.02 EPS. Sapiens International’s revenue for the quarter was up 25.8% compared to the same quarter last year.

Top 10 Tech Stocks For 2018: Allot Communications Ltd.(ALLT)

Advisors’ Opinion:

  • [By Joseph Griffin]

    IBM (NYSE: IBM) and Allot Communications (NASDAQ:ALLT) are both computer and technology companies, but which is the better stock? We will compare the two businesses based on the strength of their analyst recommendations, dividends, institutional ownership, earnings, profitability, risk and valuation.

  • [By Max Byerly]

    Allot Communications (NASDAQ:ALLT) will be posting its quarterly earnings results before the market opens on Tuesday, May 8th. Analysts expect Allot Communications to post earnings of ($0.10) per share for the quarter.

Top 10 Tech Stocks For 2018: Salesforce.com Inc(CRM)

Advisors’ Opinion:

  • [By ]

    China’s President Xi Jinping did his part to support the bull market in stocks via a conciliatory trade speech on Monday night, and now embattled Facebook (FB)  founder Mark Zuckerberg has to follow course. By now, seemingly ever pundit and journalist has weighed in how the camera-averse Zuckerberg will perform over the next two days in front of savage lawmakers. So there isn’t much new to add until we watch him sit down and do battle. But one gets the sense that lawmakers won’t have any clue what to truly ask Zuck in the attempt to send his stock price down the tubes again (because they would secretly love nothing better than to hit Zuck in his digital wallet, naturally). Sure, they may get under his notoriously thin skin, but investors worried about a full-on stock price rout should rest somewhat easy. The Facebooks evolution that is well underway, and which is being accelerated post the Cambridge Analytica debacle, will over time erode the company’s highly lucrative business model. You probably won’t see any evidence of the derision in the first-quarter results or perhaps even the rest of 2018. It’s happening as we speak though, and should be something Zuck reflects in 2019 profit guidance (which should be issued) at some point later this year. In the meantime, enjoy the great theater and tread easily with Facebook’s stock off the March mini-rally. Better trades into this spectacle if you haven’t put them on already: big data business plays such as Dropbox (DBX) , Salesforce (CRM) , and Action Alerts PLUS holdings Microsoft (MSFT) and Nvidia (NVDA) .   

  • [By Ethan Ryder]

    Synovus Financial Corp increased its stake in Salesforce.com (NYSE:CRM) by 14.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,511 shares of the CRM provider’s stock after buying an additional 3,262 shares during the period. Synovus Financial Corp’s holdings in Salesforce.com were worth $3,088,000 as of its most recent SEC filing.

  • [By Lee Jackson]

    This top company reported solid fiscal 2018 second-quarter results as billings drastically improved, and it is on the Merrill Lynch US 1 list.Salesforce.com Inc. (NYSE: CRM)provides enterprise cloud computing solutions, with a focus on customer relationship management to various businesses and industries worldwide.

  • [By ]

    Oracle (ORCL) : “I think Oracle is fine, but I still favor Salesforce.com (CRM) .”

    PayPal (PYPL) : “I think PayPal is best in show. PayPal goes much higher. “

  • [By Anders Bylund]

    Finally, the stock enjoyed a quick adrenaline kick when salesforce.com (NYSE:CRM) announced an acquisition of MuleSoft (NYSE:MULE), another mid-cap company with tight connections to the cloud computing market. The deal sparked speculation that other companies in that category could see software giants kicking their tires soon enough, and that would presumably include MongoDB.

  • [By Rich Duprey, Nicholas Rossolillo, and Maxx Chatsko]

    Nicholas Rossolillo(Salesforce):Customer relationship management (CRM) software company Salesforce is one of the biggest disruptors in the technology industry. The provider of various cloud-based services to help businesses manage relationships and marketing efforts became the fastest enterprise software company to reach $10 billion in annual sales; it surpassed that milestone last year. Salesforce isn’t finished yet, though, setting its sight on an even more ambitious goal.

Top 10 Tech Stocks For 2018: Sypris Solutions Inc.(SYPR)

Advisors’ Opinion:

  • [By Lisa Levin]

    Sypris Solutions, Inc. (NASDAQ: SYPR) is projected to report quarterly loss at $0.07 per share on revenue of $20.35 million.

    Fusion Connect, Inc. (NASDAQ: FSNN) is expected to report quarterly loss at $0.11 per share on revenue of $36.71 million.

Top 10 Tech Stocks For 2018: Check Point Software Technologies Ltd.(CHKP)

Advisors’ Opinion:

  • [By Chris Lange]

    Check Point Software Technologies Ltd.s (NASDAQ: CHKP) short interest decreased to 8.24 million shares from the previous reading of 8.45 million. Shares were trading at $102.91, in a 52-week range of $95.03 to $119.20.

  • [By Nicholas Rossolillo]

    For investors looking for a cybersecurity stock, I think a bigger security company like Palo Alto Networks or Check Point Software Technologies (NASDAQ:CHKP) would be a better option. At this juncture, I think FireEye’s high expenditures and sluggish revenue growth outweigh the potential benefits of buying the stock.

  • [By Harsh Chauhan]

    Check Point Software Technologies (NASDAQ:CHKP) plies its trade in the fast-growing cybersecurity market — a market that’s expected to hit $96 billion in revenue this year, an increase of 8% over 2017, accordingto Gartner’s estimates. However, one look at the cybersecurity specialist’s recent performance indicates that it hasn’t been able to capitalize on that vast potential.

Top 10 Tech Stocks For 2018: Extreme Networks Inc.(EXTR)

Advisors’ Opinion:

  • [By Chris Lange]

    Extreme Networks Inc. (NASDAQ: EXTR) reported its fiscal third-quarter financial results after the markets closed on Tuesday. The company said that it had $0.16 in earnings per share (EPS) on $262 million in revenue, versus consensus estimates from Thomson Reuters of $0.21 in EPS on revenue of $268.32 million. In the same period of last year, it posted EPS of $0.10 and $148.66 million in revenue.

  • [By Lisa Levin]

    Extreme Networks, Inc. (NASDAQ: EXTR) shares dropped 22 percent to $9.15 after the company reported downbeat earnings for its third quarter and issued weak Q4 guidance.

  • [By Lisa Levin]

    Check out these big penny stock gainers and losers

    Losers
    Extreme Networks, Inc. (NASDAQ: EXTR) fell 26 percent to $8.70 in pre-market trading after the company reported downbeat earnings for its third quarter and issued weak Q4 guidance.
    Caesarstone Ltd. (NASDAQ: CSTE) shares fell 12.5 percent to $16.15 in pre-market trading after the company reported downbeat Q1 results and lowered its FY18 sales forecast.
    MINDBODY, Inc. (NASDAQ: MB) fell 11.7 percent to $38.65 in pre-market trading following mixed Q1 results.
    Vivint Solar, Inc. (NYSE: VSLR) fell 10 percent to $3.60 in pre-market trading after reporting Q1 miss.
    Applied Optoelectronics, Inc. (NASDAQ: AAOI) shares fell 10 percent to $31.63 in pre-market trading after reporting a Q1 earnings miss at 28 cents per share, 5 cents below estimates.
    Monster Beverage Corporation (NASDAQ: MNST) fell 7.7 percent to $49.00 in pre-market trading after reporting downbeat quarterly earnings.
    MaxLinear, Inc. (NYSE: MXL) fell 6.1 percent to $22.39 in pre-market trading following Q1 earnings.
    Virtu Financial, Inc. (NASDAQ: VIRT) fell 5.3 percent to $31.1604 in pre-market trading after announcing a 15 million share common stock secondary offering.
    Papa John's International, Inc. (NASDAQ: PZZA) shares fell 4.7 percent to $56 in pre-market trading after reporting downbeat Q1 earnings

  • [By Paul Ausick]

    Extreme Networks Inc. (NASDAQ: EXTR) traded down about 2.6% Monday and posted a new 52-week low of $8.13 after closing Friday at $8.35. The stock’s 52-week high is $15.55. Volume totaled around 2.9 million, nearly 60% higher than the daily average of around 1.9 million. The company had no specific news.

Top 10 Tech Stocks For 2018: Integrated Device Technology, Inc.(IDTI)

Advisors’ Opinion:

  • [By Ezra Schwarzbaum]

    Several other optics stocks stand to gain. In a Monday note, Bank of America Merrill Lynch analyst Vivek Arya also highlighlited the semiconductor space as one that could benefit from the news. Other stocks to watch include:

    Lumentum Holdings Inc (NASDAQ: LITE)
    Ciena Corporation (NYSE: CIEN)
    Coherent, Inc. (NASDAQ: COHR)
    II-VI, Inc. (NASDAQ: IIVI)
    Inphi Corporation (NYSE: IPHI)
    Skyworks Solutions Inc (NASDAQ: SWKS)
    Integrated Device Technology Inc (NASDAQ: IDTI)
    Qorvo Inc (NASDAQ: QRVO)
    Xilinx, Inc. (NASDAQ: XLNX)
    Broadcom Inc (NASDAQ: AVGO)

    Related Links:

Top 10 Tech Stocks For 2018: Tableau Software, Inc.(DATA)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Tableau Software (NYSE:DATA) had its price target lifted by equities researchers at Royal Bank of Canada to $95.00 in a report released on Thursday. The firm presently has a “market perform” rating on the software company’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 4.40% from the company’s previous close.

  • [By Stephan Byrd]

    Tableau Software (NYSE:DATA) had its price objective reduced by Wedbush from $104.00 to $100.00 in a research note published on Thursday morning. They currently have an outperform rating on the software company’s stock.

  • [By Logan Wallace]

    Tableau Software (NYSE:DATA) CMO Elissa Fink sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $93.28, for a total value of $233,200.00. Following the transaction, the chief marketing officer now owns 83,882 shares in the company, valued at $7,824,512.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

  • [By Stephan Byrd]

    Tableau Software (NYSE:DATA) Director Elliott H. Jurgensen, Jr. sold 3,000 shares of Tableau Software stock in a transaction on Tuesday, May 8th. The stock was sold at an average price of $91.82, for a total transaction of $275,460.00. Following the transaction, the director now directly owns 4,781 shares of the company’s stock, valued at $438,991.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Top 10 Tech Stocks For 2018: Veeco Instruments Inc.(VECO)

Advisors’ Opinion:

  • [By Lisa Levin] Gainers
    Integrated Media Technology Limited (NASDAQ: IMTE) rose 30.8 percent to $22.00 in pre-market trading after declining 18.63 percent on Monday.
    Nevsun Resources Ltd. (NYSE: NSU) rose 14.5 percent to $3.40 in pre-market trading after Lundin Mining Corporation and Euro Sun Mining Inc. proposed to acquire Nevsun Resources for around C$1.5 billion.
    Sharing Economy International Inc. (NASDAQ: SEII) rose 15.2 percent to $4.25 in pre-market trading after the company disclosed that it entered into a license agreement with Ecrent Capital Holdings Limited.
    Veeco Instruments Inc. (NASDAQ: VECO) shares rose 14.1 percent to $19.50 in pre-market trading after reporting stronger-than-expected earnings for its first quarter.
    Impinj, Inc. (NASDAQ: PI) rose 13.4 percent to $15.40 in pre-market trading after reporting Q1 results.
    SandRidge Energy, Inc. (NYSE: SD) shares rose 13.2 percent to $16.45 in pre-market trading following Q1 results.
    Blink Charging Co. (NASDAQ: BLNK) rose 12.6 percent to $4.55 in pre-market trading after jumping 171.14 percent on Monday.
    Crocs, Inc. (NASDAQ: CROX) shares rose 10 percent to $16.66 in pre-market trading after the company reported better-than-expected earnings for its first quarter and issued strong sales forecast for the second quarter.
    Pareteum Corporation (NASDAQ: TEUM) rose 9.7 percent to $3.05 in pre-market trading after announcing Q1 results.
    Dean Foods Company (NYSE: DF) rose 8 percent to $9.00 in pre-market trading after reporting upbeat Q1 earnings.
    Fiesta Restaurant Group, Inc. (NASDAQ: FRGI) rose 7.3 percent to $23.45 in pre-market trading following Q1 results.
    IAMGOLD Corporation (NYSE: IAG) rose 7.1 percent to $6.09 in pre-market trading after reporting upbeat Q1 earnings.
    TC PipeLines, LP (NYSE: TCP) rose 6.4 percent to $27 in pre-market trading after gaining 2.08 percent on Monday.
    Carrols Restaurant Group, Inc. (NASDAQ: TAST) rose 6.3 percent to $11.75 in pre-market trading fol
  • [By Lisa Levin]

    Some of the stocks that may grab investor focus today are:

    Wall Street expects Discovery, Inc. (NASDAQ: DISCA) to report quarterly earnings at $0.44 per share on revenue of $1.99 billion before the opening bell. Discovery shares rose 0.47 percent to $23.50 in pre-market trading.
    Analysts expect Marriott International, Inc. (NASDAQ: MAR) to post quarterly earnings at $1.22 per share on revenue of $5.72 billion after the closing bell. Marriott shares gained 0.08 percent to $136.75 in pre-market trading.
    Veeco Instruments Inc. (NASDAQ: VECO) reported stronger-than-expected earnings for its first quarter. Veeco Instruments shares surged 14.04 percent to $19.50 in the after-hours trading session.
    Before the markets open, DISH Network Corporation (NASDAQ: DISH) is projected to report quarterly earnings at $0.7 per share on revenue of $3.50 billion. DISH shares gained 1.53 percent to close at $33.90 on Monday.
    Analysts are expecting US Foods Holding Corp. (NYSE: USFD) to have earned $0.32 per share on revenue of $5.98 billion in the latest quarter. US Foods will release earnings before the markets open. US Foods shares rose 0.57 percent to close at $33.72 on Monday.
    Snap Inc (NYSE: SNAP) disclosed that its CFO Andrew Vollero will leave the company and Amazon.com's VP Of Finance Tim Sloan will assume the role. Snap shares gained 1.3 percent to $10.88 in pre-market trading.

    Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.

  • [By Lisa Levin]

    Breaking news

    Henry Schein, Inc. (NASDAQ: HSIC) reported upbeat earnings for its first quarter.
    AES Corp (NYSE: AES) reported upbeat earnings for its first quarter, while sales missed estimates.
    Veeco Instruments Inc. (NASDAQ: VECO) reported stronger-than-expected earnings for its first quarter.
    Snap Inc (NYSE: SNAP) disclosed that its CFO Andrew Vollero will leave the company and Amazon.com's VP Of Finance Tim Sloan will assume the role.

Top 10 Tech Stocks For 2018: Cognizant Technology Solutions Corporation(CTSH)

Advisors’ Opinion:

  • [By Joseph Griffin]

    State Board of Administration of Florida Retirement System lowered its holdings in shares of Cognizant (NASDAQ:CTSH) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 837,118 shares of the information technology service provider’s stock after selling 11,877 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Cognizant were worth $67,388,000 at the end of the most recent reporting period.

  • [By Dan Caplinger]

    Cognizant Technology Solutions (NASDAQ:CTSH) has been a key player in the technology revolution over the past 25 years. By providing much-needed information technology consulting services, Cognizant has been able to succeed in helping clients join the digital age effectively and competitively. Even with some of its rivals having competitive advantages in the form of lower labor costs, Cognizant nevertheless has found ways to keep expanding and growing its footprint.

  • [By Garrett Baldwin]

    Oil prices are at levels we haven’t seen in years. U.S. crude topped $70 for the first since 2014, as U.S. President Donald Trump appeared increasingly likely to pull out of the Iran nuclear deal and reinforce sanctions on Tehran. In addition, OPEC has announced plans to bolster prices and cap production. For oil investors, Money MorningGlobal Energy Strategist Dr. Kent Moors says it’s time to buckle up. According to Moors, revoking the Iran deal would cause “price chaos” around the globe. And that’s right as driving season starts in the United States. Here’s more on the coming chaos for oil. In deal news, Blackstone Group (NYSE: BX) announced it will purchase Gramercy Property Trust (NYSE: GPT) for $7.6 billion in cash. Grammercy manages commercial real estate. While this may seem like a boring deal, Blackstone is buying a business that churns out cold hard cash for its investors. We want to keep this deal on your radar, because there are many other deals like this coming down the pipeline. We’re going to be discussing one of the best real estate opportunities available very soon – so keep an eye out for updates.
    Three Stocks to Watch Today: AMZN, AAPL, TSN, SBUX
    Shareholders of Amazon.com Inc. (Nasdaq: AMZN) cheered statements made by Warren Buffett over the weekend. The Oracle of Omaha said he messed up by not investing in Amazon and Alphabet Inc. (Nasdaq: GOOGL). “I made the wrong decisions on Google and Amazon,” Buffett said on Saturday. “We’ve looked at it. I made the mistake in not being able to come to a conclusion where I really felt that at the present prices that the prospects were far better than the prices indicated.” Buffett says he now has a “very, very, very high opinion” of Amazon CEO Jeff Bezos. The Oracle believes that Bezos has created something that is “close to a miracle.” Apple Inc. (Nasdaq: AAPL) added another 0.6% Monday, to reach $185.00 per share – a new 52-week high. The uptick came after Warren Buffett announced

  • [By Logan Wallace]

    Paradigm Asset Management Co. LLC reduced its stake in Cognizant (NASDAQ:CTSH) by 6.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,900 shares of the information technology service provider’s stock after selling 2,100 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Cognizant were worth $2,568,000 as of its most recent filing with the Securities and Exchange Commission.

  • [By Lisa Levin] Companies Reporting Before The Bell
    Tyson Foods, Inc. (NYSE: TSN) is projected to report quarterly earnings at $1.32 per share on revenue of $9.89 billion.
    Sysco Corporation (NYSE: SYY) is estimated to report quarterly earnings at $0.64 per share on revenue of $14.34 billion.
    Louisiana-Pacific Corporation (NYSE: LPX) is expected to report quarterly earnings at $0.67 per share on revenue of $692.63 million.
    Cognizant Technology Solutions Corporation (NASDAQ: CTSH) is estimated to report quarterly earnings at $1.06 per share on revenue of 3.90 billion.
    Manchester United plc (NYSE: MANU) is estimated to report quarterly loss at $1.35 per share on revenue of $193.67 million.
    Sempra Energy (NYSE: SRE) is expected to report quarterly earnings at $1.66 per share on revenue of $3.24 billion.
    Willis Towers Watson Public Limited Company (NYSE: WLTW) is projected to report quarterly earnings at $3.01 per share on revenue of $2.23 billion.
    Green Plains Inc. (NASDAQ: GPRE) is estimated to report quarterly loss at $0.28 per share on revenue of $922.42 million.
    TravelCenters of America LLC (NASDAQ: TA) is projected to report quarterly loss at $0.16 per share on revenue of $1.59 billion.
    Gannett Co., Inc. (NYSE: GCI) is expected to report quarterly earnings at $0.03 per share on revenue of $723.93 million.
    Welbilt, Inc. (NYSE: WBT) is estimated to report quarterly earnings at $0.11 per share on revenue of $329.71 million.
    Horizon Pharma Public Limited Company (NASDAQ: HZNP) is projected to report quarterly earnings at $0.07 per share on revenue of $234.17 million.

     

  • [By Shane Hupp]

    Mackay Shields LLC acquired a new stake in Cognizant Technology Solutions Corp (NASDAQ:CTSH) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 220,500 shares of the information technology service provider’s stock, valued at approximately $17,750,000.